Big-spending demographic group

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Last seen on: NY Times Crossword 26 May 19, Sunday

Random information on the term “YUPPIES”:

The bourgeoisie (/ˌbʊərʒwɑːˈziː/; French: [buʁʒwazi]) is a polysemous French term that can mean:

The “bourgeoisie” in its original sense is intimately linked to the existence of cities recognized as such by their urban charters (e.g. municipal charter, town privileges, German town law), so there was no bourgeoisie “outside the walls of the city” beyond which the people were “peasants” submitted to the stately courts and manorialism (except for the traveling “fair bourgeoisie” living outside urban territories, who retained their city rights and domicile).

In Marxist philosophy, the bourgeoisie is the social class that came to own the means of production during modern industrialization and whose societal concerns are the value of property and the preservation of capital to ensure the perpetuation of their economic supremacy in society.

Joseph Schumpeter saw the incorporation of new elements into an expanding bourgeoisie, particularly entrepreneurs who took risks to bring innovation to industries and the economy through the process of creative destruction, as the driving force behind the capitalist engine.

YUPPIES on Wikipedia